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22 November 2017 The on-line newspaper devoted to the world of transports 08:38 GMT+1




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Sched Netweb site
OCTOBER 31, 2017
  • CMA CGM ups Latin America, Carib rate US$750/TEU-$1,500/FEU Nov 15
  • OOIL box volume up 6.2pc as revenue rises 19pc in first 9 months of 2017
  • Drewry World Container Index on eight main routes falls 1.2pc last week
  • Hapag-Lloyd to levy 17pc Denmark inland fuel surcharge from December
  • Many innovative measures needed to beat congestion at LA-LB ports
  • Le Havre's HAROPA port pact sells first-in, last-out shipper advantage
  • Canadian National net profit down 1pc to US$748 million as revenue rises 7pc
  • DSV operating profit rises 34.4pc on back of UTi Worldwide acquisition
  • Association of American Railroads' biggest intermodal week in US history
  • Hainan Airlines now flies from Shanghai Pudong to Brussels Airport
  • IAG Cargo 2017 third quarter revenue increases 10.2pc to US$300 million
  • Amazon drone delivery gets closer after Trump order stymies FAA stalling

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Exim Indiaweb site
OCTOBER 30, 2017
  • MISC exits Centralised Terminals
  • MOL develops mariner safety education tool using VR goggles
  • MOL enhances operation data collection & monitoring functions for development of 'Next-generation Ship Management Support System'
  • MSC resumes services to Benghazi in Libya
  • NYK Group-supported start-up wins top prize at Singapore's Smart Port Challenge 2017
  • Taiwan-Hong Kong-Indonesia service set for launch
  • Terminal 3 at Jebel Ali gets capacity hike
  • Chabahar port gets started as an alternate gateway for India
  • Swan Energy, GMB in Concession Agreement to develop India's first FSRU
  • Girish Sangani of Cargo Marketing International appointed as Chairman of CCHAA's GST Sub Committee
  • GST revamp - Respite for exporters

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International Transport Journalweb site
OCTOBER 31, 2017
  • Fund paves way for Guinea-Sierra Leone border road
  • Rail traffic halted again by storms
  • Morocco Express eased by Marseille Port's new ramp
  • Helmsman change at German shipper's association BME
  • Greiwing erecting new logistics centre
  • Rail collaboration enhances freight services
  • ICS spots progress in CO2 reduction strategy
  • Tigers Germany provides logistics for fashion startup
  • Double appointment at Freja's Swedish branch
  • Latam Cargo carries aid to Puerto Rico
  • Guide to 553 third-party logistics providers
  • Malmo and Cologne - linked by new rail service
  • Management reshuffle at CSX
  • Cosco Shipping Ports revenues on the rise
  • Emirates celebrates ten years to Brazil

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IHS Maritimeweb site
OCTOBER 30, 2017
  • Privatisation of shipping lender HSH Nordbank enters final phase
  • London told to deliver Islamic marine cover to meet growing demand
  • HOLISHIP blog: double-ended ferry
  • Japanese group Sojitz invests in Spanish LNG terminal
  • Korea Shipping Partnership starts restructuring South Korea-Japan services
  • MOL, MES work to enhance ship management

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The Loadstarweb site
OCTOBER 30, 2017
  • Slack season overcapacity could prove costly to carriers in contract talks
  • Cargo playing a vital role as Delta-Virgin Atlantic JV expands its horizon
  • Shipping lobbies hit back at claims they don't support emissions reduction
  • E-commerce boom in Malaysia a bonus for logistics operators, but last-mile still a challenge
  • Northern powerhouse at the end of the road to Mandalay
  • ESC argues for 70:30 rule for freighter operators at full airports
  • SWG Global brings in a new partner: key accounts specialist Maureen Connors
  • German logistics group takes on Leisure Cargo after Air Berlin collapse

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Marine Logweb site
OCTOBER 30, 2017
  • Container shipping consolidation could harm competition
  • Navy, USCG issue Draft RFP for Polar icebreaker
  • Helm software helps Ivy Marine gain TSMS certification
  • Tentative agreement with union ends Algoma Central strike
  • Siem Offshore OSCV gets two year bareboat charter
  • ECSA says IMO will adopt ambitious strategy for CO2 reductions
  • New alert underscores piracy risk off Nigeria

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Lloyd's Listweb site
OCTOBER 30, 2017
  • Distillates to dominate initial post-2020 bunker scene, BofAML predicts
    Bank predicts only 1,500 ships will be installed with scrubbers by 2020
  • Glencore cuts coal output guidance by 8m tonnes
    Heavy rains and industrial action curtail production
  • Daily Briefing
    What lies behind Cosco Shipping's private placement?
  • HSH Nordbank receives final privatisation bids
    Unnamed investors staring at €6.1bn shipping portfolio
  • Clean tankers' outlook for 2018 still lacklustre
    Though supply shocks could lead to rate spikes at times, says Court Smith
  • Shipping facing new CO2 measures as early as 2018
    IMO agrees on potential timeline but not everyone shares the same sense of urgency
  • Buy Rickmers, get $200,000 top golf club membership free
    Chief executive sacked on spot after divulging price sensitive information, restructuring plan reveals
  • Cosco eyes $1.9bn fundraising to finance orderbook
    Cosco Shipping Holdings to issue new shares to up to 10 investors
  • Class takes on shipbuilding balancing act
    Regulations, digitalisation and weak markets will mean even greater dependency on class
  • Pickup in scrapping lifts hopes of a tankers recovery
    Demolition of crude carriers finally resumes as owners seek to rebalance supply-demand fundamentals
  • Fight for market share threatens carriers' contract negotiations
    Lines are maintaining too much capacity ahead of annual long-term price setting, Drewry says
  • HPH Trust reports 47% slump in profits
    Volumes up, but rationalisation of liner services weighs on revenues
  • US Gulf activity supports handysizes
    Segment to see comfortably firm rates in the following weeks, say brokers
  • Singapore extends port concessions until June 30 next year
    Port authorities continue with concessions amid difficulties faced by a number of shipping segments
  • India ships first wheat cargo via Iran's port of Chabahar
    For India, Chabahar is an opportunity to diversify its economic and trade partners and bypass rival Pakistan
  • Japan's Oshima Shipbuilding is willing to take lower-priced orders to meet its target, says vice-president
    The company hopes to bag 40 orders next year to keep its yards busy until 2020
  • CSIC firms up $3.3bn debt-to-equity swap plan
    Subsidiary yards seeing high inventory levels and non-performing orders
  • CIMC back in the black on container shipping industry recovery
    Profit figure was in line with its earlier forecasts
  • Triyards asks Singapore exchange for more time to post results
    Shipbuilder in the process of restructuring its finances
  • Algoma ends strike after tentative deal with labour union
    A total of 54 employees of Algoma Tankers had been on strike since October 21

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The Journal of Commerceweb site
OCTOBER 30, 2017
  • 'Logistics insourcing' leverages tech to cut shipper costs
  • Ferromex sounds alarm on rocketing cargo thefts
  • China considers cuts to Belt and Road rail rate subsidies
  • Cosco to use $2 billion share sale to fund mega-ships
  • Short-lived strike adds to Chittagong woes
  • Dallas packaging center to seek West Coast resin exports
  • Shippers fear Europe rail unable to handle volume jumps
  • Chennai wins ro-ro service under India-Bangladesh shipping pact
  • Carriers' lack of Asia-Europe service cuts to weaken contract rates

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TradeWindsweb site
OCTOBER 30, 2017
  • DeepOcean in hunt for new chief executive
    Chief operating officer Ottar M'land set to fill position temporarily at offshore vessel operator.
  • Danaos returns to profit amid charter contracts
    Last year's third quarter was negatively impacted by Hanjin bankruptcy.
  • Star Bulk further expands into logistics management
    Company plans to bring logistics expertise to kamsarmax and geared bulk carriers.
  • Lion Shipbrokers adds to chartering desk
    Athens-based multi-service ship brokering firm welcomes trilingual expertise to its roster.
  • Algoma signs deal with striking officers
    Canadian diversified shipowner says officers will start returning to tankers after six day walkout.
  • SALT dishes up winter kamsarmax fixture
    Scorpio-owned kamsarmax fetches rate well above company guidance for next earnings period.
  • Cosco Energy eyes over $800m from share sale
    Fundraising effort comes as the Hong Kong-listed owner books quarterly profit.
  • Wells Fargo bearish on tanker stocks over the long-term
    Major gains expected, however, in short-term and long-term tanker rates.
  • Siem Offshore fixes Stingray for two years
    Oslo-listed owner finds term work for subsea construction ship.
  • Deutsche Bank cuts loan provisions to $213m
    Third quarter credit quality remained high, German lender says.
  • Wall Street estimates point to third quarter loss for Euronav
    Tanker giant predicted to book red ink for the three months to the end of September.
  • Palumbo gives Silversea veteran an ice makeover
    Maltese yard carries out two months of conversion work on Silver Cloud.
  • ESL to expand bulker chartering business
    Finnish owner bringing in smaller ships for niche markets.
  • Clarksons marks up VLCC prices after latest sales
    Brokerage increases its published price levels for modern assets after Gener8 and Dynacom deals.
  • Cosco Shipping Development sees quarterly profit fall
    Hong Kong-listed leasing firm reports lower bottom line for the three months to end of September.
  • Hill Dickinson's Pittordis dies at 55
    Law firm says head of marine suffered short illness after 30 years of service.
  • Cosco Shipping lines up $1.94bn share issue
    Giant Chinese state owner plans private placement to raise cash for boxship newbuildings.
  • Investor ups interest in Troim's Borr Drilling
    Folketrygdfondet's latest purchase takes stake in drilling company to almost $110m.
  • Hutchison Port Trust positive on US and European economies
    Singapore-listed port company says both US and European economies are progressing for now.
  • CSIC pushes up nine-month earnings
    Chinese state shipbuilder boosted by lower costs despite revenue fall.
  • Glencore fixes Scerni aframax pair on time charter contracts
    Italian owner said to have locked away its only two owned vessels on time charter.
  • Burning ro-pax abandoned
    Passengers take to life rafts after fire on Indonesia's Dharma Kencana II.
  • Glory Ships bulker grounds in German storm
    Tow lines from tug repeatedly broken in seven-metre swells off Langeoog.
  • Capital Product open to crude and products tanker dropdowns
    Jerry Kalogiratos likes the look of both aframax and MR tonnage in the MLP's pipeline.
  • Vroon wins more work for subsea support ship
    Dutch owner's VOS Stone to follow E.On wind farm work with job for VBMS.
  • LNG spot rates rising but equities resist
    Freight rates have seen meaningful progress in past few weeks but stocks have not, analysts say.
  • Teekay Corp sends idle FSO for scrap
    New York-listed company thought to have fetched up to $10m from demolition deal.
  • Chengxi Shipyard scoops Nova bulkers
    Chinese owner wins chip carrier contract from Singapore owner.
  • DSME shares crash 57% on trading resumption
    Korean yard's improved finances prompt lifting of suspension by stock exchange.
  • Several bids lodged for HSH Nordbank
    German state owners starting final sales negotiations as potential buyers meet deadline.
  • Sojitz invests in Spanish LNG Terminal
    Japanese trading house expands global gas footprint with stake in Mugardos facility.
  • Astomos recruits Elgas for LPG bunker study
    Australian gas distributor is the latest to join Japanese company's planned bunker revolution.
  • Wisdom ship lifts first Bethune potash cargo
    Canadian mine's debut fertilizer shipment heads for Asia on Taiwan-owned handysize bulker.
  • Singapore tightens security around crews
    Immigration & Checkpoints Authority says seafarers must now report to one of four designated offices.

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American Shipperweb site
OCTOBER 30, 2017
  • Heartland's profits tumble in Q3 2017
    Heartland Express, Inc.'s net income tumbled 37 percent year-over-year during the third quarter of 2017 to $7.9 million. In addition to th...
  • Trump directs USDOT to test integrating drones into national airspace
    The US is launching an initiative to safely test and validate advanced operations for drones in partnership with state and local government...
  • Port of NY/NJ's box volumes skyrocket in September
    The Port of New York and New Jersey handled 573,458 TEUs in September, jumping 15.2 percent year-over-year, the port reported. Auto units ...
  • CN, NS launch new joint service aimed at reducing transit times around Chicago
    As a major rail hub, Chicago has been plagued with congestion and delayed transit times. Canadian National (CN) Railways and Norfolk Southe...
  • OOIL revenues jump 26% in Q3 2017
    OOIL, the parent company of OOCL, posted a 5 percent growth in volumes. Orient Overseas International Ltd. (OOIL), parent of Hong Kong-base...
  • ACI: Global YTD airfreight traffic rises 8.7%, monthly demand up 10%
    Global air freight traffic reached a three-month peak in August, with a 10.5 percent global increase that brought year-to-date growth to 8....
  • Germany considers selling Deutsche Bahn's logistics arm
    Germany's Finance Ministry said in a document that a complete or partial sale of Schenker AG, the logistics arm of state-owned rail operato...
  • U.S. imposes duties on Chinese aluminum foil imports
    The Commerce Department on Friday announced that the United States will begin collecting antidumping duties on aluminum foil imports from C...
  • IMO climate talks conclude with no concrete CO2 reduction goals
    The International Maritime Organization (IMO) climate talks concludedlast week with the publishing of a strategy draft, but no concrete goa...

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The Bunker Bulletinweb site
OCTOBER 30, 2017
  • US fuel oil prices at highest since June 2015
    US fuel oil prices Monday were assessed by S&P Global at their highest levels since June 2015 on a rising crude market along with local supply tightness.
  • ANALYSIS: Wide Brent/WTI spread likely drawing US crude stocks
    US crude exports have jumped since late September, rising freight rates could hurt arbitrage, gasoline flows from Europe to US down sharply.
  • Hamburg bunker operations resume after Storm Hewart
    Bunker operations at the Port of Hamburg are back to normal after storm Hewart caused delays over the weekend.
  • Russian St Petersburg MGO discounts to Rotterdam widest in 8 months
    St Petersburg marine gasoil's discount to Rotterdam hit its widest in over eight months Friday.
  • Med bunkers exceed two-year highs on HSFO backwardation
    Bunker fuel prices at a range of ports in the Mediterranean reached their highest points in over two years Friday, supported by tight availability in high sulfur fuel oil in the region.
  • External: Praxis Energy Agents S.A
  • Bank of America forecasts 1,500 scrubbers on ships by 2020
    The bank forecasts 1,500 ships will have the technology installed by 2020.
  • External: Wired Bunkering
  • FUTURES: ICE Brent crude stays at 27-month highs in Asia trade
  • Iraq ramps up southern crude export capacity to 4.6 million b/d
    The increased capacity comes after the completion of a new single point mooring facility.
  • Saudi crown prince reiterates backing for OPEC cut extension
    "The high demand for oil has absorbed the increase in shale oil production," the crown price said.




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